NV5 Global Inc reports results for the quarter ended in September - Earnings Summary

NV5 Global

03/11/2023 06:01

* NV5 Global Inc  NVEE.OQ  reported quarterly adjusted
earnings of
$1.51​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of $1.50.  The mean expectation of nine analysts for the quarter
was for earnings of $1.43 per share. Wall Street expected
results to range from $1.22  to $1.61 per share.
    * Revenue rose 17.3% to $239.29 million from a year ago;
analysts
expected $238.56 million. 
    * NV5 Global Inc's reported EPS for the quarter was 86
cents​.
    * The company reported quarterly net income of $13.32
million.
    * NV5 Global Inc shares had fallen by 0.7% this quarter and
lost 27.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for NV5 Global Inc is
$123.00 
This summary was machine generated from LSEG data November 3 at
06:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.43           1.51           Beat
 Jun. 30 2023      1.27           1.29           Beat
 Mar. 31 2023      0.83           0.88           Beat
 Dec. 31 2022      1.55           1.21           Missed